https://ttlc.intuit.com/community/tax-credits-deductions/discussion/can-i-deduct-the-loss-in-value-from-the-sale-of-my-car/01/709204#M93624 I bought the car 5 years ago for $25,000 and sold it in 2016 or $8,000.&nbsp;&nbsp;Is this loss deductible?&nbsp;&nbsp;A friend of mine said it was but I don't know where I can deduct this in my tax return. Thu, 06 Jun 2019 14:04:05 GMT jmcdermott12 2019-06-06T14:04:05Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/can-i-deduct-the-loss-in-value-from-the-sale-of-my-car/01/709204#M93624 I bought the car 5 years ago for $25,000 and sold it in 2016 or $8,000.&nbsp;&nbsp;Is this loss deductible?&nbsp;&nbsp;A friend of mine said it was but I don't know where I can deduct this in my tax return. Thu, 06 Jun 2019 14:04:05 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/can-i-deduct-the-loss-in-value-from-the-sale-of-my-car/01/709204#M93624 jmcdermott12 2019-06-06T14:04:05Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/a-loss-on-personal-property-is-not-tax-deductible-please/01/709206#M93625 <P>A loss on personal property is not tax deductible.</P><P>Please read this IRS document (at the end of the first paragraph):</P><P> <A href="https://www.irs.gov/taxtopics/tc409.html" rel="nofollow" target="_blank">https://www.irs.gov/taxtopics/tc409.html</A> <BR /> </P><BR /> Thu, 06 Jun 2019 14:04:06 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/a-loss-on-personal-property-is-not-tax-deductible-please/01/709206#M93625 MinhT 2019-06-06T14:04:06Z